Irish Energy Minister outlines clean energy business opportunity

Finance business leaders were last week reminded of the importance of climate change at a high-level discussion hosted by Irish Energy Minister Eamon Ryan.

Minister Ryan said that the recent report by the International Panel on Climate Change had reminded governments all around the world that "climate change is greater than any other challenge faced by mankind".

He pointed out that the challenge presented considerable business opportunities for Ireland, with more than $85bn expected to be invested in clean energy this year alone.

"I believe it is essential that we now leverage the knowledge and expertise of Ireland's finance community, who have been at the centre of Ireland's economic boom of the past decade, in moving us towards a sustainable energy future," he said.

Good work has already been done in the sustainable finance area, he said.

Other individuals taking part in the meeting included Michael Liebreich of New Energy Finance, Tom Barrett of the European Investment Bank, and Michael Ryan of Merrill Lynch.

A recent report from Sustainable Energy Ireland suggested that it is critical that the country increases its renewable energy supplies in order to strengthen its energy security.

Ben Meggeson




Click a keyword to see more stories on that topic, view related news, or find more related items.


You need to be logged in to make a comment. Don't have an account? Set one up right now in seconds!

© Faversham House Group Ltd 2007. edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.